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TODAY'S NEWS

today’s news for Thursday, January 21, 2021

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NEWS FROM NASFAA

Christina Tangalakis

Meet Christina Tangalakis. While Christina originally foresaw herself as an English professor at a community college, she found her way to financial aid after a brief stint in the student employment office at Central Washington University (CWU). "Nineteen years later, I can't see myself doing anything else," she said of her career change to financial aid. After six years as a financial aid counselor at CWU, she moved back to her home region of Southern California to be assistant director of financial aid at Pepperdine University, and then on to the University of Southern California (USC) as senior assistant director of financial aid. After more than five years at USC, Christina landed in her current role as associate dean of student financial aid services at Glendale College, bringing part of her career vision to work at a community college full circle. 

NASFAA UPDATES AND ANNOUNCEMENTS

AskRegs

This AskRegs Knowledgebase Q&A was updated on Jan. 20, 2021 to reflect requirements under the 2021 Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA, Section 314 of the Consolidated Appropriations Act, 2021). Unless specifically indicated below, the CRRSAA rules apply to both leftover Higher Education Emergency Relief Fund (HEERF) grants under the CARES Act (HEERF I funds) after Dec. 27, 2020 and to new funds under the CRRSAA (HEERF II funds). View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.

AskRegs

No. It is NASFAA's understanding based on conversations with the U.S. Department of Education (ED) that supplemental Higher Education Emergency Relief Fund (HEERF II) grants awarded to students under the 2021 Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA, Section 314 of the Consolidated Appropriations Act, 2021) are not treated as estimated financial assistance (EFA) when packaging students. Likewise, HEERF II grants are not treated as taxable income or untaxed income for Title IV federal student aid purposes. View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.

AskRegs

Yes. See the U.S. Department of Education's (ED's) chart of COVID-19 Title IV Flexibilities and Waivers as of Jan. 15, 2021, available as an attachment to the Jan. 15, 2021 Electronic Announcement. View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.

AskRegs

Yes. According to guidance NASFAA has received from the U.S. Department of Education (ED), the school is still required to go ahead and process the withdrawal, apply the R2T4 waiver, and set the Coronavirus Indicator even after Dec. 31, 2020. The school should do this as soon as possible after learning the student was a COVID-related withdrawal. There is nothing preventing a school from setting the Coronavirus Indicator at this time, and ED currently does not have plans to shut it off (until sometime after the pandemic is over). View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.

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